Disbursement of Funds
When you accept your financial aid disbursement (payment), you’re also agreeing to the Terms and Conditions of your financial aid award. Disbursements begin 10 days before the first day of class each semester.
Sign up for Direct Deposit — it’s faster. If you’re enrolled, your payment goes straight to your preferred bank account. If not, a check has to be printed and mailed, so plan for at least 5 business days until it reaches your address on file.
Missed the first disbursement date? Make-up payments go out at least twice a week throughout the academic year.
- Problem with admission status
- Enrolling late
- Incomplete Direct Loan requirements (like signing the MPN, or Master Promissory Note, the document you complete when taking out federal student loans, or finishing the required online workshop
- A financial aid hold
- Not meeting Satisfactory Academic Progress (SAP)
- Not currently enrolled
- Other
How to Set Up Direct Deposit
It only takes a few minutes through MyCoyote:
- On the homepage, select Student Center > Finance > Enroll in Direct Deposit.
- Choose checking or savings, enter your routing and account numbers, agree to terms and submit.
- Confirm your information to finish enrolling.
Once you’re set up, your financial aid payment is automatically deposited into your account each time you’re disbursed.
If your financial aid is more than your total tuition fees and/or on-campus housing charges, the Student Accounts Office (SAO) will refund the extra money in one of two ways:
- If you use Direct Deposit, the money will be sent to your bank account.
- A check will be mailed to the address on your MyCoyote account.
It’s your responsibility to be sure your mailing address is current in MyCoyote.
The Office of Financial Aid and Scholarships encourages all financial aid students to apply for direct deposit to receive their financial aid money as quickly as possible.
If you owe CSUSB money — for tuition, housing or other fees — that amount will automatically be deducted from your financial aid when it’s disbursed each semester. If your financial aid doesn’t fully cover what you owe, you’ll need to pay the remaining balance right away. If that remaining balance isn’t paid, it can result in a hold on your registration for future semesters and may eventually be turned over to an outside collection agency.
Student Authorization and Disbursement
If you qualify for federal and state financial aid, you don’t have to pay it out separately — it’s applied directly to your CSUSB account. Funds like Title IV aid* and Cal Grants are used to cover your allowable institutional charges, which include tuition fees and contracted living expenses.
If you have other education-related costs on your account, financial aid can cover those too — but you’ll need to submit a signed authorization to the Student Accounts Office (University Hall, Room 034). Once signed, the authorization stays in effect for as long as you’re enrolled at CSUSB.
Opting Out of Having State Aid Applied to your Charges
Some types of state aid — Cal Grant B Access, for example — give you the right to opt out of having future state funds applied to your account. If you opt out, the money is paid directly to you instead (it can’t be sent to a third party). To do this, contact the Student Accounts Office.
